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Fort Mckay First Nation

Company Summary

Description

First Nation roots run deep in Fort McKay, stretching back to 1820 and coinciding with the placement of the Hudson Bay Company trading post in the area. In 1912, the community was named after Dr. William Morrison MacKay—Alberta’s first resident doctor and the first President of the Northern Alberta Medical Association. This land gave abundantly to our ancestors. Their livelihood, and naturally what Fort McKay has become today, depended on a keen ability to gather, hunt, fish, nurture, and work in nature. To this day, our people have an unbreakable connection to the environment and continually work to protect, respect, and restore its natural beauty while attending to the economic health and growth of Fort McKay.

Website

http://fortmckay.com/about/

Recent news

  • 11/27/2017 - Suncor Closes on $503... (subscriber access)
  • 9/6/2016 - Fort McKay First Nation... (subscriber access)

Company Transactions

Date: 11/27/2017
Type: Acquisition

BUYERS:
  • Mikisew Cree First Nation
  • Fort Mckay First Nation
    • SELLERS:
  • Suncor Energy Inc.
    • PROJECTS:
  • Suncor East Tank Farm Project
    • DETAILS:

    COST: 503 $MM

    NOTES:
    Suncor has closed on the sale of a 49% stake in the East Tank Farm Development to Fort McKay and Mikisew Cree First Nations for a total of $503 million. The deal was financed through the issuance of $545 million in Senior Notes due 2041.
    REGIONS:
  • Fort McMurray Region